The pair is trading above 23.6% correction levels of CD Leg of the bearish harmonic Bat Pattern. That doesn’t mean the pattern’s affect is over, as stability below 1.0355 levels keeps the possibility of a downside move valid during this week. The pair might retest around 1.0295 levels through the bullish move affected by the pair’s need to get rid of some of the oversold signals shown on Stochastic.
The trading range for this week is between the key support at 1.0075 and the key resistance at 1.0355.
The general trend over short term basis is to the upside with steady daily closing above levels 0.9800 targeting 1.0485.